7624 South River Road, Ramara, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Ramara. Expertly crafted featuring premium hardboard construction, this residence presents an exceptional opportunity offered at $549,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 112.41 x 251.9 ft lot
- 7.0 total parking spaces available
- Notable attributes: None
- Efficient baseboard heating via electric
Description
Nestled along the tranquil Green River in Washago, this charming two bedroom, two bathroom (3-piece ensuite and powder room) cottage offers the perfect blend of comfort, privacy and cottage-country charm. The primary bedroom features its own ensuite bathroom, while the generous open-concept main living area provides plenty of room for gathering with family and friends. Enjoy peaceful mornings in the screened-in porch or soak up the sunshine on the deck overlooking the private, well-loved property and riverfront. Surrounded by nature, this inviting retreat is the ideal place to relax, entertain or create lasting memories on the water. The property also offers the added functionality of a dry boathouse. This Green River gem offers the privacy and warmth you've been searching for!
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Pricing & Value Insights
Data-driven valuation for 7624 South River Road, Ramara, ON L0K 2B0
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About Purchasing a Home in Ramara, ON
For a property listed at $549,000 in Ramara, the legal minimum down payment is $29,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,455 for this transaction. As this listing is in Ramara (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.